February 14, 2019 To whom it may concern, name Representative Representative & President (Code No. 2579, First Section of the Tokyo Stock Exchange, Fukuoka Stock Exchange) For inquiries: Executive Officer & Head of Legal Haruko Ozeki (Tel. (03) 6896-1707) Notice Regarding Change of Representative s and Board Structure The following changes of Representative s and candidates for s to be submitted to the Ordinary General Meeting of Shareholders for the fiscal year ended December 31, 2018 scheduled to be held on March 26, 2019 were tentatively decided at the Board of s meeting held today. The official decision will take place pursuant to the necessary resolutions being passed at the Ordinary General Meeting of Shareholders for the fiscal year ended December 31, 2018 and the Board of s Meeting that will take place afterward. I. Change of Representative 1. Reason for Change We have made good progress on the integration of the, but we must be ready to take on new challenges presented by the rapidly-changing business environment. As such, the aims to enhance sustainable performance and further increase its corporate value by leveraging domestic and international expertise in managing the Coca-Cola Business as well as driving the transformation of the. 2. s and Positions of Old and Candidates for New Representative s (1) Candidates for New Representative s New Position President, Bottling Calin Dragan Investments Group, The Coca-Cola Bjorn Ivar Ulgenes Representative, Vice President, Chief Financial Officer and Head of Finance, Coca-Cola Bottlers Japan Holdings Inc. Representative, Vice President, Chief Financial Officer and Head of Finance, Representative and President Coca-Cola Bottlers Japan Business Services Inc. Executive Officer, Head of Finance, Coca-Cola Bottlers Japan Holdings Inc. Executive Officer, Head of Finance, Coca-Cola Bottlers Japan Inc. Representative and President, Coca-Cola Bottlers Japan Business Services Inc. 1
(2) Retiring Representative s Representative and President Vikas Tiku Representative & Vice President, Chief Strategy Officer and Chief Financial Officer, Representative & Vice President, Chief Strategy Officer and Chief Financial Officer, * will retire from the roles of and assume the role of without representative rights and Chairman. Vikas Tiku will retire from the roles of Representative and, and continuously serve as Executive Officer and Chief Strategy Officer. 3. Brief Personal Profiles of Candidates for New Representative s (1) Calin Dragan Date of Birth October 24, 1966 June 1993 January 2000 January 2005 July 2011 March 2012 July 2013 May 2017 January 2018 Brief Personal Profile Joined Coca-Cola Leventis Joined Coca-Cola Hellenic Bottling S.A. General Manager and Administrator in charge of Romania and Republic of Moldova, Coca-Cola Hellenic Bottling S.A. Executive Corporate Officer, Coca-Cola West Co., Ltd. Representative, Coca-Cola West Co., Ltd. Vice President, Coca-Cola West Co., Ltd. Representative, Coca-Cola East Japan Co., Ltd. President, Coca-Cola East Japan Co., Ltd. Regional, Bottling Investments Group, The Coca-Cola Regional, Coca-Cola Far East Limited (Incumbent) President, Bottling Investments Group, The Coca-Cola (Incumbent) No. of Shares Owned 2
(2) Bjorn Ivar Ulgenes Date of Birth April 5, 1968 July 1997 August 2005 May 2008 June 2009 February 2010 January 2013 April 2016 October 2018 November 2018 January 2019 4. Effective Date of Appointment March 26, 2019 Brief Personal Profile Joined The Coca-Cola Finance, North & West Africa Business Unit, The Coca-Cola Finance & Executive Assistant to the Business Unit President, North & West Africa Business Unit, The Coca-Cola GM Innovation & EA, North & West Africa Business Unit, The Coca-Cola Senior Vice President Finance, The Coca-Cola (Japan) Co., Ltd. Finance, Central, East & West Africa Group, The Coca-Cola Deputy Finance, Europe, Middle East & Africa (EMEA) Group, The Coca-Cola Senior Executive Officer, Head of Finance, Senior Executive Officer, Head of Finance, Coca-Cola Bottlers Japan Sales Support Inc. Executive Officer, Head of Finance, Coca-Cola Bottlers Japan Holdings Inc. (Incumbent) Executive Officer, Head of Finance, Coca-Cola Bottlers Japan Inc. (Incumbent) Coca-Cola Bottlers Japan Business Services Inc. (Incumbent) No. of Shares Owned II. Change of s (excluding Representative s) 1. Reason for Change For contribution to sustainable growth and increased corporate value, the forms its board structure which enables diverse discussion by increasing the independence (consisting of the majority of outside directors) and diversity (both gender and nationality) to focus on the functions of governance and strategy development with high efficiency. 2. Details of Change (1) Candidates for New s (excluding Representative s) (i) s (excluding s serving on the Audit & Supervisory Committee) New Current Hiroko Wada (Outside, Independent Officer) Representative, Office WaDa Outside, Shimadzu Corporation 3
(ii) s serving on the Audit & Supervisory Committee New Current Jennifer Mann Celso Guiotoko Nami Hamada ), Independent Executive), Independent Executive) Senior Vice President, Chief People Officer and President of Global Ventures, The Coca-Cola - Founder, Managing, Mile High Capital Inc., Ecoplexus Japan K.K. Chief Operating Officer, Vesper Group Japan K.K. * candidates serving on the Audit & Supervisory Committee have obtained approval from the Audit & Supervisory Committee. (2) Retiring s (i) s (excluding s serving on the Audit & Supervisory Committee), Yasunori Koga Representative and Chairman, Q SAI Co., Ltd. Costel Mandrea, Executive Officer, Head of Commercial, * Yasunori Koga will retire from the role of and continuously serve in the role of Representative and Chairman of Q SAI Co., Ltd., a wholly-owned subsidiary of the. * Costel Mandrea will retire from the role of and continuously serve in the role of Executive Officer, Head of Commercial,, a wholly-owned subsidiary of the. (ii) s serving on the Audit & Supervisory Committee serving on the Audit & Supervisory Committee (Full-time), Tadanori Taguchi Auditor, Q SAI Co., Ltd. serving on the Audit & Supervisory Committee (Outside ), Zenji Miura serving on the Audit & Supervisory Committee (Outside ), John Murphy * Johan Murphy will retire from the role of Outside of the and continuously serves as president of The Coca-Cola s (TCCC) Asia Pacific Group. He will assume the role of Executive Vice President and Chief Financial Officer of TCCC as of March 16, 2019. 3. Effective Date of Appointment and Retirement March 26, 2019 4
III. Reference (New Board Structure (scheduled)) As of March 26, 2019 1 s (excluding s serving on the Audit & Supervisory Committee) Representative Calin Dragan Representative Bjorn Ivar Ulgenes Hiroshi Yoshioka (Outside, Independent Executive) Hiroko Wada (Outside, Independent Executive) 2 s serving on the Audit & Supervisory Committee Irial Finan (Outside ) Jennifer Mann (Outside ) Celso Guiotoko (Outside, Independent Executive) Nami Hamada (Outside, Independent Executive) * The official decision will be made according to the resolutions required during the Ordinary General Meeting of Shareholder for the fiscal year ended December 31, 2018 to be held on March 26, 2019 and subsequent meetings of the Board of s and Audit & Supervisory Committee to be held on the same day. End. 5